Gain
a better understanding of the New Markets Tax Credits and the
opportunities that exist.
This topic will provide you with an overview and analysis of the new markets tax credit program, as the industry awaits the announcement of $3.5 billion in allocations by the CDFI Fund in spring 2019.
Learn about significant opportunities for developers, lenders and community development entities in designated census tracks to secure additional financing in order to complete projects and fund businesses.
Listen to an overview of the tax credit, a discussion of recent transactions; and how you can access financing for your business or real estate project.
Learning Objectives:
- You will be able to discuss the requirements to qualify for NMTC financing.
- You will be able to recognize the structures used in a NMTC financing transaction.
- You will be able to identify how a project sponsor seeks NMTC financing.
- You will be able to review current industry practices.
What Is the New Markets Tax Credit Program?
- Overview
Examples of NMTC Investments
Definitions and Players
Investment Structure and Benefits
A QALIC…What?
- Define a QALICB and How You Qualify
Do You Have a Viable Project?
- Project Selection Criteria for CDEs
- QALICB Issues
State of the Industry
Credit Information (Sponsored by Lorman Education Services):
- CPE
- AIPB
- NASBA
- Enrolled Agents
For Detailed Credit Information page
click here
Only registered attendee will receive continuing education credit.
Faculty
Elaine DiPietro, Blooming Ventures LLC
• Founded Blooming Ventures LLC to utilize her experience in the New Markets Tax Credit (NMTC) industry to provide consulting services to project sponsors and community development entities
• Most recent experience is as vice president for Enterprise Community Investment, Inc., where she was responsible for management of all facets of Enterprise’s NMTC program, including investor and government relations, deal selection, underwriting and portfolio management
• Managed the provision of compliance and accounting services to other NMTC community development entities
• Enterprise is one of the largest recipients of NMTC allocation; under her direction Enterprise managed a portfolio of over $800 million of investments
• Frequent speaker at NMTC industry conferences and has published articles in industry journals
• Serves on several advisory and governing boards for NMTC community development entities
• Graduate, with honors, King’s College in Wilkes-Barre, PA
Nicolo Pinoli, CPA, Novogradac & Company LLP
• Partner in the Portland, OR, office of Novogradac & Company LLP
• Specializes in affordable housing and community development, including the low-income housing tax credit (LIHTC), new markets tax credit (NMTC), historic rehabilitation tax credit (HTC) and tax-exempt bond financed transactions
• Extensive experience in a wide range of services, including financial statement audits; tax return preparation; writing NMTC and LIHTC applications; LIHTC, NMTC, and HTC transaction underwriting; consulting on LIHTC, NMTC, and HTC transaction structuring; and LIHTC and NMTC compliance
• Frequent speaker at industry conferences, also delivers several webinars every year on topics such as NMTC exit strategies, NMTC allocation applications and LIHTC Year 15 strategies
• Published many articles on various technical issues confronting the affordable housing and community development industries, and also serves as a technical editor of the Novogradac LIHTC Handbook
• Licensed in California, Oregon and Washington as a certified public accountant
• M.A. degree in professional accounting; B.A. degree in accounting, Brigham Young University
(Not available outside the US)